Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Consider a linear regression model where y represents the response variable and x and d are the explanatory variables; d is a dummy variable assuming
Consider a linear regression model where y represents the response variable and x and d are the explanatory variables; d is a dummy variable assuming values 0 or 1. A model with the dummy d and the interaction xd variables is estimated as y-hat = 4.5 + 0.95x + 1.5d + 0.22xd. |
a. | Compute y-hat for x = 10 and d = 1. (Round intermediate calculations to 4 decimal places and final answer to 1 decimal place.) |
y-hat |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started